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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (464337)	3/17/2009 7:13:05 AM
From: Brumar89	Read Replies (1) of 1579846

Despite this administration’s reflexive instinct to talk about the problems it inherited, the fourth round of AIG’s government assistance — an additional $30 billion — was approved March 2. Why couldn’t someone at Treasury* have made that assistance contingent on not handing out additional bonuses to managers who put the company in this hole? * I suppose it might help to have someone besides Tim Geithner working at the Treasury Department, to help manage issues like these . . . pajamasmedia.com But at a Senate hearing Thursday about failed insurance giant American International Group Inc. _ which has received four separate bailouts totaling more than $170 billion _ Sen. Chris Dodd said he had asked Treasury for someone to appear, but that no one was available. "I am not pleased that we don't have someone here from Treasury to explain what their role in this is," Dodd said. ..... Geithner told a Senate panel Wednesday that he hoped "to come up for the committee soon with a full slate of very strong people." "We're doing this carefully, as you would expect, and ... trying to make sure we have the best talent in the country," he said. Geithner's lack of a senior staff has raised concerns on Wall Street. "This doesn't help confidence," said David Wyss, chief economist at Standard & Poor's in New York. "Geithner is stuck there all by himself trying to do everything. They don't have anybody confirmed, and Treasury is a big shop to try to run with one person, especially right now." huffingtonpost.com That last story was from 11 days ago. No change. Where's the promised slate of strong nominees he was going to have soon? But don't worry, the WH is pre-occupied with more important stuff - the Rush Limbaugh / Dick Cheney criticism crisis.

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